Mukesh Ambani’s Jio Platforms IPO at Rs. More than 4.5 lakh crore bids have been received. The IPO, which closed for subscription on Friday, has set a new record for demand in India’s primary market. According to data from Sufal Capital, this issue of Rs 30,213 crore has broken 12 records. This also includes the largest number of applications received for any IPO worldwide. Let us also tell you which records he has broken…

Jio IPO has broken a dozen records

1. This public issue received over 1.25 crore applications, much higher than the previous record of 97.33 lakh applications. Jio has become the world’s first IPO to receive over one crore applications. This reflects the heavy participation of retail investors, institutional investors and existing shareholders of Reliance Industries.
2. Rs. The figure of Rs 4.5 lakh crore represents the total value of bids received from investors during the public subscription. For this IPO in India, the previously reported Rs. 4.4 lakh crore is more than the record.
3. Institutional investors accounted for the largest share of this demand. Qualified Institutional Buyers (QIBs) have invested Rs. 3.87 lakh crore bid, which is Rs. 3.86 lakh crore more than the previous record.
4. Jio’s IPO was subscribed more than 20 times on the last day, with demand from institutional investors at the forefront. The issue opened on October 21 and closed on October 23.
5. According to data from Safal Capital and Investoyard, Jio has broken seven records in terms of bid value and issue size – including India’s largest IPO. Apart from this, five records related to the number of applications have also been created.
6. Rs. Demand of over Rs 1 lakh crore came from the non-institutional category (which includes retail investors, high-net-worth individuals and Reliance shareholders). In the category reserved for sole shareholders Rs. 18,800 crore bids were seen, up from the previous Rs. 9,350 crore was more than double the record.
7. This is very important as Jio will offer eligible shareholders of Reliance Industries Rs. 2,500 crores of shares reserved, which gave them an opportunity to participate in other than the general retail category.
8. The IPO set a record in terms of demand on its first day, with Rs. 67,117 crore bid was received. On 21 October, the issue was over three times subscribed, compared to the previous record of 1.04 times the first day subscription.
9. Even before the public issue opened, Jio received a lot of interest from institutional investors. After receiving demand of over 2.5 lakh crore, 212 investor accounts and schemes have received Rs. An anchor allocation of 8,110 crores was made.
10. The participation of retail investors was the highest among the five records regarding investor applications. According to the data, the issue has received more than one crore retail applications, which is the highest ever record in this category.
11. More than 21 lakh applications were received from existing shareholders of Reliance Industries. This shows that investors are ready to take direct stake in telecom and digital services business.
12. The ‘small high-net-worth’ (HNI) investor category received over 5.75 lakh applications, surpassing the previous record of 4,99,825. There were over 3.5 lakh applications from ‘large high-net-worth’ (HNI) investors, against the previous record of 2,71,403.
13. The employee reservation category also received more than two lakh applications, which is another new record. The share allotment basis is expected to be decided on October 26, while Jio’s shares will be listed on BSE and NSE on October 28.